• The rate is set by each municipality according to the location of the real estate. The taxable base can be the market price, specifically determined tax value or the gross book value.
• No tax for agricultural land and forests.

*Associated parties – the case when a company has a minimum of 25% in the capital of another company or when a third company has a minimum of 25% both in the capital of the other two companies. This association has to be maintained for uninterrupted period of at least 2 years

After almost five years of stagnation, Bulgaria’s house prices are now rising rapidly, thanks to falling interest rates and strong economy.

The nationwide house price index rose by 8.59% (6.55% inflation-adjusted) during the year to Q2 2017, from y-o-y rises of 8.98% in Q1 2017, 8.11% ... read more

LATEST REGIONAL NEWS

Wizz Air Orders 146 New Planes worth $17.2bn And Announces New Routes From Sofia

17/November/2017http://www.novinite.com

Low-cost airline Wizz Air made the scale of its ambitions clear on Wednesday as it announced an order for 146 new Airbus planes, taking its total outstanding orders with the European aerospace company to 282.

It currently has 87 aircraft in its fleet. The central and eastern Europe-focused airline said it had signed a memorandum of understanding with Airbus for the purchase of 146 A... read more

DID YOU KNOW?

From Today Bulgarian Citizens Travel Without Visas to Canada

05/December/2017http://www.novinite.com

From today at 16.00h, Bulgarians will be able to travel and stay in Canada without visas. However, visa-free travel does not allow work there, but short business trips, tourism, visits to relatives, acquaintances and friends.

Those travelling by plane must sign up once on the Canadian ... read more

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